Ionada Forms Joint Venture in China

posted Jan 11, 2016, 6:23 AM by Jeff Qian

For Immediate Release December 9, 2015 - Concord, Ontario, Canada.

Nanjing China December 9, 2015 - Ionada Incorporated and Jiangsu Nanci Insulators Co.,Ltd have announced the signing of a joint-venture agreement to manufacture and sell Membrane Scrubber™ systems in China.

Ionada was represented at the signing ceremony by Mr. Edoardo Panziera, President and fellow Directors Mr. Ron Ball and Mr. Gerry Carter. Nanci was represented by Mr. Jack Wu and Mr. Yang, President.

Edoardo Panziera, President of Ionada said, "Nanci, with their strong position in the Chinese market, represents a strategic partner for us in China. The combination of our membrane technology expertise and their knowledge of the Chinese market delivers a unique value proposition that ultimately positions both companies for future growth opportunities."

Mr. Yang, Chairman of Nanci said, "As the increasing demand for green emission, we, Jiangsu Nanci Insulators Co.,Ltd., are glad to devote ourselves to green atmosphere. We, together with Canada Ionada Inc., establish Jiangsu Ionada Enviro-tech Co.,Ltd. in Jurong,China on December 9th, 2015. We are dedicated to treat marine exhaust based on the requirements of the IMO and Chinese government. With the help of Canada Ionada Company and other communities, we will fulfill our social responsibility, manufacturing strictly, R&D industriously and be considerate to building a world -class environmental company.

Both parties bring expertise, technology and broad capabilities to the joint venture. This new business will begin operations in Nanjing, Jiangsu Province, after receiving necessary government approvals.

Mr. Gerry Carter added, "Ionada has spent the last three years developing a new generation marine exhaust scrubber system based on a ceramic membrane concept which will allow shipping companies around the world to reduce their air emissions and therefore their environmental footprint. The joint venture Company will accelerate the development and production of this new marine scrubber technology and allow the solution to be made available to all shipping Companies worldwide."

Ionada (www.ionada.com) is a global technology leader in air emission and water treatment technologies, focused on developing, manufacturing and marketing marine Exhaust Gas Cleaning Systems (EGCS). Ionada's mission is to provide emission abatement technologies that not only keep our air and waters clean, but provide a financial benefit to our customers.